Can I retire at age 64 with 681,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $681,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$56,236$55,735$55,247$54,770$54,304$53,382
2 years$27,840$27,321$26,819$26,332$25,859$24,933
3 years$18,375$17,855$17,354$16,871$16,406$15,505
4 years$13,644$13,125$12,629$12,155$11,701$10,832
5 years$10,806$10,290$9,801$9,336$8,895$8,060
6 years$8,915$8,403$7,920$7,466$7,038$6,238
7 years$7,564$7,057$6,582$6,138$5,724$4,960
8 years$6,552$6,049$5,582$5,149$4,749$4,019
9 years$5,765$5,267$4,808$4,386$3,999$3,305
10 years$5,136$4,642$4,191$3,781$3,407$2,747
11 years$4,621$4,133$3,690$3,290$2,930$2,304
12 years$4,193$3,709$3,275$2,886$2,539$1,946
13 years$3,831$3,352$2,926$2,548$2,214$1,652
14 years$3,521$3,047$2,629$2,262$1,941$1,410
15 years$3,252$2,783$2,374$2,017$1,709$1,208
16 years$3,017$2,554$2,152$1,806$1,511$1,038
17 years$2,810$2,352$1,958$1,623$1,339$894
18 years$2,626$2,173$1,788$1,462$1,191$773
19 years$2,462$2,014$1,636$1,321$1,061$669
20 years$2,315$1,872$1,502$1,197$948$580
21 years$2,181$1,743$1,381$1,086$848$503
22 years$2,060$1,627$1,273$988$761$437
23 years$1,950$1,522$1,176$899$683$381
24 years$1,849$1,426$1,087$820$614$331
25 years$1,756$1,338$1,007$749$552$289
26 years$1,670$1,258$934$685$497$252
27 years$1,591$1,184$867$627$448$220
28 years$1,518$1,115$806$574$405$192
29 years$1,450$1,052$750$527$365$168
30 years$1,386$994$699$483$330$147
31 years$1,327$939$651$444$298$128
32 years$1,272$889$608$408$270$112
33 years$1,220$842$568$375$244$98
34 years$1,171$798$530$345$221$86
35 years$1,125$757$496$318$200$75
36 years$1,082$718$464$293$182$66
37 years$1,041$682$434$270$165$58
38 years$1,002$648$407$249$149$50
39 years$966$616$381$229$135$44
40 years$931$587$357$211$123$39
41 years$898$558$335$195$111$34
42 years$867$532$314$180$101$30
43 years$837$507$295$166$92$26
44 years$809$483$277$153$83$23
45 years$782$461$260$142$76$20
46 years$757$439$244$131$69$17
47 years$732$419$229$121$62$15
48 years$709$400$215$112$57$13
49 years$686$382$202$103$51$12
50 years$665$365$190$95$47$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $681,000, adding $4,330 every year, while hoping to spend $39,473 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 46/33/21 Blend
63$681,000$681,000$681,000$681,000
64$754,928$718,835$708,280$784,936
65$789,932$712,059$690,008$799,627
66$827,183$703,628$669,802$811,299
67$866,869$693,420$647,553$823,150
68$909,196$681,303$623,152$835,214
69$954,388$667,141$596,482$847,534
70$1,002,691$650,787$567,420$860,156
71$1,054,377$632,086$535,840$873,138
72$1,109,741$610,876$501,608$886,543
73$1,169,109$586,983$464,586$900,447
74$1,232,836$560,224$424,628$914,935
75$1,301,315$530,404$381,583$930,106
76$1,374,975$497,320$335,291$946,072
77$1,454,287$460,753$285,588$962,962
78$1,539,769$420,475$232,300$980,921
79$1,631,991$376,243$175,248$1,000,115
80$1,731,577$327,802$114,241$1,020,731
81$1,839,214$274,881$49,085$1,042,981
82$1,955,657$217,194$0$1,067,104
83$2,081,736$154,438$0$1,097,953
84$2,218,363$86,295$0$1,143,283
85$2,366,542$12,429$0$1,192,477
86$2,527,374$0$0$1,245,970
87$2,702,073$0$0$1,328,764
88$2,891,975$0$0$1,423,738
89$3,098,547$0$0$1,527,122
90$3,323,404$0$0$1,639,734
91$3,568,324$0$0$1,762,472
92$3,835,262$0$0$1,896,327
93$4,126,372$0$0$2,042,390
94$4,444,023$0$0$2,201,859
95$4,790,821$0$0$2,376,054
96$5,169,639$0$0$2,566,430
97$5,583,636$0$0$2,774,588
98$6,036,291$0$0$3,002,288
99$6,531,436$0$0$3,251,471
100$7,073,288$0$0$3,524,274